Canada Revenue Agency

Canada Revenue Agency

March 12, 2015 16:28 ET

Government of Canada Joins Forces with Province of British Columbia and Local Industry to Tackle the Underground Economy

Canada Revenue Agency and BC Ministry of Finance co-host roundtable with local business stakeholders to share ideas and information on how to combat the underground economy

VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 12, 2015) - Canada Revenue Agency

The Honourable Kerry-Lynne D. Findlay, P.C., Q.C., M.P., Minister of National Revenue is pleased to report on the success of the underground economy roundtable meeting that was held on March 10th in Vancouver The meeting was co-hosted by the Canada Revenue Agency (CRA) and the British Columbia Ministry of Finance.

The roundtable brought together government officials and key industry representatives to share information, ideas, and best practices, and to deepen understanding of the underground economy, both provincially and regionally. Roundtable participants identified opportunities for improved collaboration to detect and deter participation in the underground economy and committed to working together to address the underground economy in their respective sectors and/or regions.

The B.C. roundtable is one in a series of similar meetings to be hosted by the CRA across the country to bring together a broad diversity of perspectives on the underground economy and foster collaboration with industry and all levels of government. Collaboration is one of the key elements of the CRA's strategy on the underground economy, "Reducing Participation in the Underground Economy," which was launched by Minister Findlay in November 2014.

Quick Facts

The roundtable in Vancouver, B.C., brought together representatives from the following organizations:

Quotes

"If left unchallenged, the underground economy will erode the integrity of Canada's tax system. The business environment is ever-changing, and the CRA must stay nimble. We must refine our compliance actions and we must evolve our strategies. That is why our Government is joining forces with industry and taking action with our Ministerial Advisory Committee, and our three-year strategy to combat the Underground economy. We appreciate the collaboration of provincial and business counterparts in these efforts."

The Honourable Kerry-Lynne D. Findlay, P.C., Q.C., M.P. Minister of National Revenue

"People who participate in the underground economy by evading their tax obligations are penalizing others by reducing the amount of money available for priority programs such as health care and education. That's why we felt it was important for the Ministry of Finance to co-chair this roundtable with the Canada Revenue Agency to improve collaboration between government and industry and identify ways to reduce participation in the underground economy."

The Honourable Michael De Jong, Minister of Finance, British Columbia

Associated Links

http://www.cra-arc.gc.ca/undergroundeconomy/

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Contact Information

  • Rebecca Rogers
    Director of Communications
    Office of the Minister of National Revenue
    613-995-2960

    Philippe Brideau
    Media Relations
    Canada Revenue Agency
    613-941-6269